Magic Eden Alternatives & Competitors
Last updated
Magic Eden generates $182.3M in revenue with 130 employees. No alternatives are published for Magic Eden yet, so this page covers its revenue, funding and team numbers, a written breakdown of how it compares, its funding history and our editorial coverage.
Magic Eden at a glance
- Revenue
- $182.3M
- Valuation
- $205M
- Funding
- $29.5M
- Customers
- 900K
- Team size
- 130
- Founded
- 2021
How Magic Eden compares
Magic Eden held 90 to 95 percent of all NFT trading volume on the Solana blockchain for the two to three months preceding the May 2022 interview, making it the dominant marketplace on that chain. Lu described the company as the second-largest NFT marketplace in the world overall, implying larger platforms exist on other blockchains, though he did not name specific rivals or provide figures about them.
Lu did not name any direct competitor by name during the interview, and no competitor metrics were cited. The competitive framing was primarily around Solana ecosystem share rather than head-to-head comparisons with named rivals. Specific competitor data was not discussed.
Magic Eden funding
| Date | Round | Amount | Valuation |
|---|---|---|---|
| May 2022 | Series A | $27M | $205M |
| Oct 2021 | Seed | $2.5M | $10M |
More about Magic Eden
How Magic Eden Hit $8M a Month Seven Months After Writing Its First Line of Code
Four founders, equal equity, a site launched in 14 days, and by month seven, $8M a month in revenue on a 2% take of $400M in NFT trading volume. Jack Lu's May 2022 interview is a time capsule of the fastest revenue ramp we've ever recorded.
Magic Eden competitors FAQ
How much revenue does Magic Eden generate?
Magic Eden generates $182.3M in revenue.
How much funding has Magic Eden raised?
Magic Eden has raised $29.5M in funding.
How many customers does Magic Eden have?
Magic Eden has 900K customers.
